Examples of Note Interest Period in a sentence
If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Issuer, at approximately 11:00 a.m., New York City time, on that day or loans in United States dollars to leading European banks for a period equal to the relevant Note Interest Period.
The amount of interest due on this 20[ ]-[ ] Exchange Note on each Payment Date will be calculated on the basis of the Exchange Note Balance outstanding on each day of such Exchange Note Interest Period (after giving effect to all payments of principal made on the preceding Payment Date), and will be subject to certain limitations contained in Section [ ] of the Exchange Note Supplement.
On each LIBOR Determination Date prior to 12:00 noon New York City time, the Indenture Trustee shall send to the Issuer by facsimile notification of LIBOR for the following Note Interest Period.
Each successive Note Interest Period will commence on (and include) the next (or first) Note Payment Date and end on (but exclude) the following Note Payment Date (each, a Note Interest Period).
The Reference Agent will be entitled to recalculate any Note Interest Payment (on the basis of the foregoing provisions) without notice in the event of an extension or shortening of the relevant Note Interest Period.